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WASHINGTON (AP) — Wholesale prices in the United States rose modestly last month, the latest sign that inflationary pressures may be easing more than a year after the Federal Reserve unleashed an aggressive campaign of steadily higher interest rates.
From March to April, the government’s producer price index rose just 0.2% after falling 0.4% from February to March, held down by falling prices for food, transportation and warehousing.
Compared with a year earlier, wholesale prices rose just 2.3%, the 10th straight slowdown and the lowest figure since January 2021. Lower energy prices helped slow the annual inflation rate.